ExlService (NASDAQ:EXLS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of ExlService (NASDAQ:EXLS) from a buy rating to a hold rating in a research note released on Sunday morning.

A number of other brokerages have also recently commented on EXLS. JPMorgan Chase & Co. lowered their target price on ExlService from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Weiss Ratings lowered shares of ExlService from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ExlService presently has an average rating of “Moderate Buy” and an average price target of $54.50.

ExlService Stock Performance

Shares of EXLS stock opened at $41.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $6.61 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.95 and a beta of 0.91. The firm’s 50 day moving average price is $40.25 and its 200-day moving average price is $42.69. ExlService has a one year low of $37.30 and a one year high of $52.43.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. ExlService had a return on equity of 25.60% and a net margin of 11.91%.The company had revenue of $529.59 million for the quarter, compared to analyst estimates of $522.35 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. ExlService has set its FY 2025 guidance at 1.880-1.920 EPS. As a group, equities research analysts predict that ExlService will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In related news, insider Vikas Bhalla sold 11,774 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $39.99, for a total value of $470,842.26. Following the sale, the insider owned 115,272 shares of the company’s stock, valued at $4,609,727.28. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.04% of the company’s stock.

Institutional Investors Weigh In On ExlService

A number of large investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of ExlService by 193.6% during the second quarter. Invesco Ltd. now owns 4,645,745 shares of the business services provider’s stock worth $203,437,000 after purchasing an additional 3,063,510 shares in the last quarter. AQR Capital Management LLC raised its stake in ExlService by 540.4% in the third quarter. AQR Capital Management LLC now owns 1,963,973 shares of the business services provider’s stock valued at $86,474,000 after buying an additional 1,657,317 shares in the last quarter. Amundi purchased a new stake in ExlService during the 3rd quarter worth about $67,862,000. Schroder Investment Management Group acquired a new position in shares of ExlService during the 2nd quarter worth about $60,415,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of ExlService in the 1st quarter valued at about $57,681,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.